Equity Bank, in collaboration with CFAO Mobility, has launched a strategic asset financing partnership aimed at making motor vehicle ownership more affordable and accessible for customers.
The initiative will provide up to 105% financing for a wide range of vehicle models under the CFAO Mobility umbrella, alongside flexible repayment terms of up to 84 months.
The first offering under this partnership is a school bus and van financing program, allowing schools and institutions to secure funding that covers the full cost of vehicle acquisition, including insurance and related expenses.
The program includes models such as the Toyota Hiace Van, Mercedes-Benz Bus 917, and Hino FC 500 buses, specifically designed to support educational transport needs. Participating institutions will benefit from structured termly repayment plans aligned with the school calendar, along with after-sales support and training packages to ensure proper use and maintenance.
Speaking at the launch, Joshua Anya, Deputy Managing Director at CFAO Mobility Kenya, emphasized the company’s dedication to supporting education through reliable transport solutions.
“We are bringing our world-class mobility solutions and unmatched after-sales support to ensure the vehicles are safe, durable, and fit for the education environment. This partnership with Equity Bank will empower schools to provide dependable transport services, thereby fostering improved enrolment and enriched educational experiences,” said Anya.
Equity Bank Kenya Managing Director Moses Nyabanda, David Bagenda, the bank’s Commercial Director, highlighted the importance of accessible and cost-effective transport solutions for educational institutions and other customers.
“This partnership goes beyond financing; it’s about enabling access to education through dignified and dependable mobility. By offering up to 105% asset financing with flexible repayment plans, we are easing the financial burden on schools and helping them invest in safer, more efficient transport solutions that can positively influence student performance and school operations,” said Mr. Nyabanda.
The Equity Bank and CFAO Mobility asset financing initiative comes at a critical time when school transport safety and reliability remain a top concern for parents and education stakeholders. The vehicles selected for this program are recognized for their proven performance, safety features, and operational efficiency, making them ideal for the school environment.
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